KYC, actually explained:
KYC(know your customer)-the identity check literally every exchange makes you do. Annoying? Sure. Skippable? No.
Exchanges are legally required to confirm you're an actual human, not someone laundering money somewhere in the background.
Usually it's nothing crazy-ID, selfie, and in most cases a liveness check to complement the requirements. Takes minutes, approval's often instant.
Skip it though, and you're stuck with tiny withdrawal limits. Just knock it out early.
Learned this one the hard way myself, lol.
$ETH $BTC $BNB
#Cryptollegiate
#CryptoForBeginners
#KYC
KYC(know your customer)-the identity check literally every exchange makes you do. Annoying? Sure. Skippable? No.
Exchanges are legally required to confirm you're an actual human, not someone laundering money somewhere in the background.
Usually it's nothing crazy-ID, selfie, and in most cases a liveness check to complement the requirements. Takes minutes, approval's often instant.
Skip it though, and you're stuck with tiny withdrawal limits. Just knock it out early.
Learned this one the hard way myself, lol.
$ETH $BTC $BNB
#Cryptollegiate
#CryptoForBeginners
#KYC